The ____________________ Loop Has an Exit Condition but No Entry

question 21

Short Answer

The ____________________ loop has an exit condition but no entry condition.

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Definitions:

Just-In-Time

An inventory management strategy that aligns raw-material orders from suppliers directly with production schedules to reduce stock levels and increase efficiency.

Production Flexibility

The capability of a manufacturing system to adapt efficiently to changes such as new product introductions, production volume adjustments, and design alterations.

Corporate Governance

The system by which a company is directed and controlled. If properly implemented it should provide incentives for top management to pursue objectives that are in the interests of the company and it should effectively monitor performance.

Annual Tax Returns

are yearly reports filed with a governmental body declaring income, profits, and losses to determine tax liability.